Garmin’s stock performance has exceeded the S&P 500 index over the last three years, despite a 13.1% slide in October. The company’s total return of 150% in three years surpasses the index’s 87.5%. With shares now down 20% from their peak, investors have a good opportunity to tap into Garmin’s future growth potential.

Garmin’s revenue grew by 20% last year, with a 14.4% increase in sales year over year in the first nine months of 2025. The company’s free cash flow of $425 million in the third quarter far exceeds its quarterly dividend payment of $173 million. With $3.9 billion in cash and marketable securities, Garmin has a strong balance sheet for potential acquisitions and market positioning.

Investors who missed out on buying successful stocks early on can still benefit from opportunities like Garmin. Analysts issue “Double Down” stock recommendations for companies with growth potential, citing past successes like Nvidia, Apple, and Netflix. Joining Stock Advisor provides access to alerts for promising companies.

Howard Smith, a holder of positions in Apple and Garmin, sees value in Garmin’s stock despite short calls on Garmin options. The Motley Fool recommends both Apple and Garmin. Consider exploring opportunities like these for potential investment growth.

Read more at Nasdaq: Garmin Stock Sank 13% Last Month. Here’s Why It’s a Great Time to Buy